Moody National REIT I, Inc. Under Contract to Acquire the 227-room Hampton Inn Boston for $57 M

Moody National REIT I, Inc. | May 12, 2015

HOUSTON, May 12, 2015 -- Moody National REIT I, Inc. (the "REIT"), announced today it is under contract to purchase the Hampton Inn Boston for an aggregate purchase price of $57,000,000, excluding acquisition costs. The select-service 227-room Hampton Inn hotel is located within close proximity to Boston Logan International Airport, and just five miles from downtown Boston. Boston Logan International Airport is ranked as the 18th busiest airport in the country, as ranked by Airports Council International. The REIT thinks the hotel is well situated to benefit from consistent corporate and leisure stays throughout the year. "Boston's hote...